03:05 AM EDT, 07/14/2026 (MT Newswires) -- Oma Savings Bank (OMASP.HE) said Tuesday its board unanimously recommended the acceptance of S-Bank's 571.4 million-euro takeover proposal for the listed lender. Independent directors of the targeted bank believe the per-share offer of 17.20 euros is fair to shareholders under prevailing circumstances. Accordingly, the board urged shareholders to accept the offer during the acceptance period, which will run from Friday through Sept. 25. Completion of the takeover is expected in the fourth quarter of 2026, subject to the approval of shareholders representing at least 90% of the Finnish lender and relevant regulators, among other conditions.

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